Johnson Controls and Tyco merger (inversion deal)

Johnson Controls agreed to merge with Tyco in a tax-inversion deal, with Johnson Controls shareholders owning ~56% of the combined company, which will be renamed Johnson Controls PLC and domiciled in Cork, Ireland.

“Under the terms of the agreement, Johnson Controls shareholders will own approximately 56% of the equity of the combined company and current Tyco shareholders the remaining 44% of the equity of the combined company.”

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